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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 1,755 $ 1,650
Receivables, net 3,153 2,919
Inventories, net 1,361 1,286
Prepayments and other current assets 313 312
Total current assets 6,582 6,167
Property, plant and equipment, net 4,449 4,591
Goodwill 2,596 2,627
Other intangible assets, net 1,059 1,096
Investments and other long-term receivables 557 820
Other non-current assets 728 728
Total assets 15,971 16,029
LIABILITIES AND EQUITY    
Notes payable and other short-term debt 51 49
Accounts payable 2,485 2,352
Other current liabilities 1,385 1,409
Total current liabilities 3,921 3,810
Long-term debt 3,708 3,738
Retirement-related liabilities 552 576
Other non-current liabilities 1,136 1,181
Commitments and contingencies
Common stock 3 3
Capital in excess of par value 2,589 2,614
Retained earnings 6,321 6,296
Accumulated other comprehensive loss (736) (651)
Common stock held in treasury, at cost (1,810) (1,834)
Total BorgWarner Inc. stockholders’ equity 6,367 6,428
Noncontrolling interest 287 296
Total equity 6,654 6,724
Total liabilities and equity $ 15,971 $ 16,029